Archive for the ‘Newsletters’ Category
Squawk Morning Briefing: Wide Chop Range
After a drop at the open on Monday, U. S. equities stayed in a wide range throughout the week. markets were clearly in a negative feedback pattern, where attempted breaks in either direction were met with forceful opposition. Within our Elliott wave framework, this coincides with corrective action and we’re waiting to see how the […]
Squawk Morning Briefing: Break Time
We’re still waiting for the markets to exit chop mode and enter trend mode and it feels like a good time for a break. Kevin will be doing just that, so starting tomorrow David will be filling in through the end of next week. Today’s videos (still from both David and Kevin) update our current […]
Squawk Morning Briefing: Debt’s All Folks
With apologies to Porky Pig, today we start with the observation that debt seems to be moving the markets. Alcoa earnings did little to alter the direction of markets yesterday and saw mostly chop through the morning. The release of FOMC minutes started to move things in the afternoon as some interpreted the Fed’s position […]
Squawk Morning Briefing: Staying on Track
U. S. Equities and the Euro are continuing to trace out moves consistent with the scenarios we’ve been watching so today’s videos update those scenarios and refine them, including new key levels, but no significant changes. Treasuries needed an adjustment based on overnight strength and we address that also, but we continue to look for […]
Squawk Morning Briefing: From Jobs to Earnings to OpEx
Friday’s move was an example of something we talk about frequently. Earnings can move the markets, but usually it is a catalyst for pushing things in whatever direction would be expected or allowed by the current wave structure. In the case of the DJIA, we were looking for a turn down into a wave iv […]
Squawk Morning Briefing: High Hopes
The talking heads all sound optimistic about the BLS report due in a few minutes after yesterday’s positive ADP report. Additionally, we don’t seem to be alone in our view that markets may be heading for a new high since equities continued their strength yesterday pushing harder toward the May 2nd top. The path there […]
Squawk Morning Briefing: I’m Too Sexy For This Risk
The monthly ADP report came out a few minutes after we finished recording our videos and +157,000 was enough to signal risk off — for the moment at least. Stock futures soared and treasury futures tumbled. The Euro did little as it already was continuing to move in the risk-off direction following the monthly ECB […]
Squawk Morning Briefing: Overbought? Understaffed?
It’s hard to call Tuesday’s pause a sell-off with the DJIA losing just 1/10 of one percent, but it was a pause in a string of up days that has created an overbought condition that we now need to work off. Our wave counts don’t require any correction to happen now. Corrections could still be […]
Squawk Morning Briefing: Fireworks or Dud?
Last year, the July 4th holiday launched markets upward to a new recovery high. This year, the bounce may have gotten an early start. Following Friday’s action, it is now less likely that the top is in and we need one more recovery high before a change in trend to the downside. These were among […]
Squawk Morning Briefing: Enjoy Your Holiday Weekend
Wave counts could allow for continued upside action in the equity indices before a turn back down, either with or without a meaningful fourth wave. This is consistent with an upward bias seen before long holiday weekends and also seen on the first of the month with mutual fund inflows. Nevertheless, at some point the […]